HARARE, February 23 (The Source) – The Minerals Marketing Corporation of Zimbabwe (MMCZ) says it has sold 51 million carats of diamonds in the 11 years to 2017 valued at $2,4 billion.
HARARE, February 23 (The Source) – Diamond mining firm DTZ-OZGEO says it was forced to sign over its claims when government consolidated diamond mining in the Chiadzwa fields two years ago but says it is willing to come back and invest in the country.
HARARE, February 22 (The Source) – Home Affairs and Culture Minister Obert Mpofu on Thursday refused to give evidence before a parliamentary committee on diamond dealings during his tenure superintending the mines ministry citing personal differences with chairperson Temba Mliswa.
By Plaxedes Sibanda, HARARE, February 22 (The Source) – Businessman Lovemore Kurotwi says former mines minister Obert Mpofu demanded a $10 million bribe after giving his company a licence to mine diamonds in the Chiadzwa diamond fields in 2009.
HARARE, February 22 (The Source) – Mashonaland Holdings said its revenue for the four months to January came in three percent lower on the comparable period last year at $1,58 million due to lower rentals and increased voids as nearly a third of its properties… Read More
HARARE, February 22 (The Source) – Cigarette manufacturer BAT Zimbabwe reported a 25 percent increase in net profit to $10,6 million for the full-year to December, 2017 from $8,5 million in the previous year on strong sales performance and lower costs.
BULAWAYO, February 21 (The Source) – The National Railways of Zimbabwe (NRZ) is expecting to reach financial closure on the $400 million deal with Transnet/ Diaspora Investment Development Group (DIDG) consortium by June 2018, chairman Larry Mavima has said.
HARARE, February 20 (The Source) – Gains in Bindura lifted the Zimbabwe Stock Exchange’s mining index by 1,74 percent to 130,42 points on Tuesday.
HARARE, February 20 (The Source) – The South African Rand is getting stronger against the United States each day since Cyril Ramaphosa took over from scandal plagued Jacob Zuma as president of South Africa.
HARARE, February 20 (The Source) – Zimplow recovered from a loss of $2,5 million in the previous year to a net income of $3,4 million for the year ended December, 2017 with all business units achieving profitability.
HARARE, February 19 (The Source) – The Zimbabwe’s stock market opened lower on Monday, with the All Shares Index shedding 0,47 percent to 88,4 points after losses in Delta and SeedCo. Beverage maker Delta eased 0,78 percent to settle at 160 cents while Seedco eased… Read More
HARARE, February 19 (The Source) – Anglo-American Platinum’s local unit Unki mine produced a record 165,900 platinum group mineral ounces in 2017, an increase of two percent from 162,000oz last year. The world’s largest platinum producer said it expects to complete the smelter at Unki… Read More
By Respect Gwenzi, HARARE, February 19 (The Source) – Simbisa Brands, a local quick service restaurant brand with huge regional exposure and a listing on the ZSE, has announced a firm intention to acquire an international restaurant group once shareholders and regulatory approvals are secured.… Read More
HARARE, February 15 (The Source) – ZB Financial Holdings on Thursday reported a 36 percent rise in net income to $15,51 million for the full year to December, 2017 from $11,43 million in the previous year on increased income.
HARARE, February 15 (The Source) – Zimbabwe’s President Emmerson Mnangagwa led tributes to late opposition leader Morgan Tsvangirai on Thursday, describing the long-time rival of recently ousted president Robert Mugabe as a dedicated defender of democracy.